Mega Uranium (TSE:MGA) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Mega Uranium Ltd. (TSE:MGA) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.36 and traded as high as C$0.40. Mega Uranium shares last traded at C$0.38, with a volume of 448,758 shares trading hands.

Mega Uranium Stock Up 2.7%

The company has a debt-to-equity ratio of 8.53, a current ratio of 1.67 and a quick ratio of 11.36. The company has a market cap of C$143.02 million, a price-to-earnings ratio of -9.50 and a beta of 1.45. The firm’s 50 day simple moving average is C$0.36 and its 200-day simple moving average is C$0.31.

Insider Transactions at Mega Uranium

In other Mega Uranium news, Director Larry Goldberg sold 100,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$0.35, for a total value of C$34,500.00. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at C$34,500. This represents a 50.00% decrease in their ownership of the stock. 3.22% of the stock is owned by corporate insiders.

Mega Uranium Company Profile

Mega Uranium Ltd is a Canada based exploration stage mineral resources company. The company is engaged in the acquisition and exploration of uranium prospective properties. Its properties include Ben Lomond, Georgetown, and Kintyre in Australia. Geographically, it operates in Canada and Australia.